Latvia: Women Hosiery Market 2025

Women Hosiery Market Size in Latvia

In 2022, the Latvian women hosiery market increased by 4.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Women Hosiery Production in Latvia

In value terms, women hosiery production totaled $X in 2022 estimated in export price. In general, production showed a mild downturn. The pace of growth was the most pronounced in 2013 with an increase of 36%. Women hosiery production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports from Latvia

For the third year in a row, Latvia recorded growth in shipments abroad of socks, stockings and other women's hosiery, which increased by 0.2% to X pairs in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 36% against the previous year. As a result, the exports attained the peak of X pairs. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, women hosiery exports declined to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 64% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X pairs), Estonia (X pairs) and Germany (X pairs) were the main destinations of women hosiery exports from Latvia, with a combined 75% share of total exports. Russia, Norway, Belgium, the UK, Sweden, Denmark and Cyprus lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +38.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Lithuania ($X) and Germany ($X) were the largest markets for women hosiery exported from Latvia worldwide, with a combined 61% share of total exports. Russia, Norway, Belgium, the UK, Sweden, Denmark and Cyprus lagged somewhat behind, together accounting for a further 23%.

The UK, with a CAGR of +22.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, with a decrease of -8% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 92% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per pair), while the average price for exports to the UK ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Latvia

In 2022, purchases abroad of socks, stockings and other women's hosiery increased by 24% to X pairs, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, women hosiery imports expanded rapidly to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 90%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X pairs) constituted the largest women hosiery supplier to Latvia, with a 38% share of total imports. Moreover, women hosiery imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X pairs), fourfold. China (X pairs) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.3% per year) and China (-3.7% per year).

In value terms, Poland ($X), Estonia ($X) and Germany ($X) constituted the largest women hosiery suppliers to Latvia, with a combined 55% share of total imports. Lithuania, China, Turkey, Portugal, Sweden and Denmark lagged somewhat behind, together accounting for a further 22%.

Turkey, with a CAGR of +20.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, falling by -8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per pair. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($X per pair), while the price for Portugal ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform